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VelasPad (VLXPAD) is the 2829th largest cryptocurrency in the world by market cap, valued at $5,526,218. The current price of VelasPad is $0.012482916, which is -5.104% lower than yesterday. Prices have ranged between $0.01370829 and $0.01262848 over the past 24 hours. All prices are listed in US dollars and accurate as of March 20, 2023 05:03 UTC.
VelasPad is the first cryptocurrency launchpad developed for the Velas blockchain. Developed as a blockchain incubator the project aims to offer all users access to the very best projects being developed within the new Velas blockchain ecosystem.
Built using the Solana codebase, the Velas blockchain implements an innovative custom-built AI-powered proof-of-stake (AIDPOS) consensus, which is designed to support the next generation of dApps. As a layer-1 blockchain, Velas can support more than 50,000 transactions per second (TPS) and can react and adapt to changes in network load automatically. With this cutting edge blockchain infrastructure, VelasPad wants to generate funding for the next generation of dApp developers while democratising access for all users.
According to the project’s website, the native cryptocurrency, VLXPAD, was developed as a deflationary token to help support the overall VelasPad ecosystem. The token must be used for all transactions that take place within VelasPad and must also be staked for a user to gain access to different allocation tiers.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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